Are you a business professional or into the healthcare industry?
If yes, the likelihood of you being aware of the name ‘Bobby Castro’ is high. If you haven’t heard about him, this blog will help you understand his journey from dropping out of high school in 9th grade, starting his company with a $25000 investment and selling it at a $1 Billion valuation.
Bobby Castro founded and grew Bankers Healthcare Group, a company that grants financial services exclusively to healthcare professionals. The list of these professionals includes the following:
- Physicians
- Dentists
- Pharmacists
- Nurses
- Veterinarians
- Physical Therapists, and
- Occupational therapists.
Bobby Castro is a business mogul. He is well-known for exemplifying the transformation from entrepreneur to leader. With an investment of just $25,000, Bobby established Bankers Healthcare Group in 2001 with a ninth-grade education. Through his core business values, he grew BHG to a $1 Billion valuation and amassed a real estate apartment portfolio valued at over $400 million and produces $350,000 in cash flow. He is also known for creating a community of happy, loyal workers and continues to be recognized nationally for that achievement.
With the massive success of Bankers Healthcare Group, Bobby received the prestigious Ernst & Young Entrepreneur of the Year Award (in 2012), steered BHG to be introduced on the Inc. 500/5000 record 13 times and was recognized by Fortune, Forbes, Entrepreneur, Hispanic 500, Crain’s and many more. Furthermore, he was a speaker at 10X and has been starred several times in Bloomberg, the WallStreet Journal, Smart Business Magazine, CNBC, and other top publishers.
Bobby Castro: Personal Life
Billion Dollar Bobby started from humble beginnings. By observing the work ethic and positivity from his mother, who was a waitress during the graveyard shift, his mindset was primed for hard work and positivity from a young age.
Bobby began working as a waiter and valet parker in his early teens to help the family financially. He stocked pennies from a young age to lead to a point where he could start-up his own business. He started by cleaning strip clubs until he was forced to stop because he was underage. After some failures and false starts, he created Bankers Healthcare Group.
Story of Making $250 Million from $25000
Back in 2001, Bobby and his wife Sofia had just had a baby girl. There was a moment of clarity Bobby had that motivated him to create a better life for his family. He came up with the idea of building a company that will offer financial solutions exclusively to the professionals working in the healthcare industry. He named it Bankers Healthcare Group.
BHG provides solutions and loan programs for healthcare professionals in the US. For example, if a working professional in the healthcare industry was in need of some start-up funds to create their own clinic or practice, Castro’s BHG was ready to offer premium financial solutions to help. He invested every penny he had which was $25000 to start the company.
He kept a positive mental attitude towards it and insisted that his employees did the same. After implementing numerous creative strategies into the business plan, he and his team were able to take the company to a net worth of $250 million.
At that point, Bobby started gathering information on why an investor would buy part of his company for such a high valuation. He soon realized, they stole it. Based on the information Bobby gathered, he grew the company exponentially to $1 Billion within only 4 years of that initial investment. That’s a 400% increase in 4 years when he exited the company at a $1 Billion valuation.
What is Bobby Castro doing now?
In addition to managing their $400+ million real estate portfolio with his wife Sofia, Bobby Castro is now a business coach, helping leaders and their businesses thrive in the market. He helps to scale their business, guide them through tough times, and motivate them to put all their energy into making their dream a success.
After achieving financial freedom with his own attitude and terms, Booby is the perfect person to teach others how they can scale their businesses and achieve unprecedented results.
What are Bobby’s 5 Fundamentals of Scaling?
All Day Everyday
You get nowhere without attitude. The first step before you even start making moves in the marketplace is to determine what you desire, and who you are as an entrepreneur, business owner. What gets you excited? What’s going to give you the drive to accomplish the impossible?
Non-Refundable Minutes
Every moment you have is non-refundable, including squandering time on the incorrect information, the fictitious data, the shady applications, and other errors made in the business. Bobby’s primary focus is to ensure that your minutes are managed well and result in invaluable products.
Attack
Attack and optimize where you are. Do not get ahead of yourself, utilize your point, and be the best in the beginning. Make sure when you work you dominate, understand, and clarify a good foundation for your next step.
Massive Urgent Action
Once you’ve understood precisely how to control your time and maximize your current situation, it’s time for taking critical action that comprises the selection of new information to your next degree of growth and the development of this upcoming plan for your enterprise.
Stack & Rack
You have done everything, you’ve crushed your steps, you have a good base, you know your purpose and your value, and your activity levels are at the highest. Now it’s time to pile and stand. Gather your money, collect your data, prepare to repeat this cycle, and get clear on your next measure.
Bobby views the businesses and market now as fruity with tons of possibilities and opportunities. At the heart of Bobby’s company, guidance, and philosophy is a commitment towards the community and social responsibility, giving power to the masses.
Currently, he is looking to affect people’s lives positively and lift them. He aspires to train others on how to scale their ideas and businesses so they can accomplish better results.
For more information on Bobby Castro, click here to watch his live interview on the Decide Your Destiny podcast.
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